24 Sep 2014 12:17
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Don't have an account? Click here to register.Solo Oil raises fresh funds from institutional investor
Fri, 16th Sep 2016 12:56
(ShareCast News) - Solo Oil succeeded in raising £2.0m from an institutional investor.The explorer sold 1,111,111,111 new shares, which were equal to 15.9% of its issued share capital, at a price 0.18p, which were placed with Epsilon Pty.Proceeds from the placing would be used to fund its Ntorya-2 well in Tanzania and settle all outstanding amounts due to YA Global Master under an Equity Swap Agreement, which was now terminated.Neil Ritson, Solo's Chairman, commented: "The Company is now funded for its share of the estimated dry-hole costs for the upcoming high impact Ntorya-2 appraisal well in Ruvuma Basin, Tanzania. We look forward to further updates from the operator Aminex as we near the expected spud date during the fourth quarter of this time."As of 1537 BST shares in the outfit were falling by 6.12% to 0.23p giving the company a market capitalisation of £14.88m.
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11 Sep 2014 12:05
9 Sep 2014 14:14
Sector movers: Oil stocks down with Brent at 16-month low
Oil and gas producers were among the heaviest fallers in London on Tuesday after Brent crude dropped to below $100 a barrel the previous session. Royal Dutch Shell was providing a drag on the sector, down 1.6%, while BP lost 0.7% and Tullow fell 0.4% Whilst slightly off the low of $99.36 seen on Mo
Read more4 Sep 2014 10:25
6 Aug 2014 16:35
Solo Oil announce government approval for Horse Hill drilling
The UK government has granted final approval to Horse Hill Developments (HHDL) to proceed with the drilling of the Horse Hill -1 well at Horse Hill in Surrey, Solo Oil announced on Wednesday. The London-listed company is legally bound to own a 10% share in HHDL, which owns a 65% part participating
Read more6 Aug 2014 13:34
Horse Hill Development granted final approval for Weald Basin drilling
Horse Hill Developments Ltd (HHDL), a joint venture (JV) group developed by several AIM-listed companies, has now been granted final approvals from the UK Environment Agency to go ahead the Horse Hill Prospect in the Weald Basin, Surry. The approvals clear the way for the JV to proceed with the dri
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